Legal Considerations in Long-Term Care Planning

In our legal careers, there are very few areas are where we can truly make a difference in someone's life and really help them - elder law and long-term care planning is one of those areas. Counseling your clients on long-term care planning can mean the difference between someone living the rest of their life in poverty or receiving the quality care they need. Clients often enter your office in chaos and fear and leave your office with a sense of security. As estate planners, we should not only consider how your client's wealth will transfer at death, but also how their assets can be extended & fully utilized during their lifetime, how assets will be preserved for your client's legacy and how you make every penny work for your client.

The goal of this presentation is to provide you with an overview of long-term care legal planning options and what documents an estate plan should contain to allow your clients the greatest flexibility in planning for long-term care. In this CLE course, estate planning and elder law attorney Kimberly McGhee mainly addresses the long-term care crisis in America, the importance of pre-planning, long-term care planning considerations, Medicare & Medicaid and Veteran's benefits. Additional topics discussed include long-term care planning options, the American Taxpayer Relief Act of 2012 (ATRA), Revocable Living Trusts, Enhanced Powers of Attorney for Asset Management, Power of Attorney for Medical Decisions, Intent to Transfer Assets to Beneficiaries, the limitations of Medicare, the differences between Medicaid & Medicare, Medicaid eligibility, exempt assets, transfers, spousal protections, key practice points, Aid and Attendance, military service requirements, financial eligibility, the disability requirement and the surviving spouse qualification.

Kimberly R. McGhee is an experienced attorney in advocating and protecting her clients' best interests. She has a strong background in commercial litigation that gives our clients an advantage when she assists them plan for and protect their future. Kim possesses a broad range of experience in the areas of estate planning, elder law, retirement planning, banking, real estate and legal ethics. Kim is active in both community and professional organizations. She is a member of the State Bars of California and Nevada, member of the North County Bar Association California Conference of Delegates, Member-At-Large and Chair of the Community Outreach and Fundraising Committees for the San Diego Dementia Consortium and a former Executive Board Member-At-Large of the Clark County Bar Association.

Practice Areas: Wills, Trusts & Estates

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